salaryRent is higher than in 70% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 5.4 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $81,160 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other California cities?
Yes. Rent here is cheaper than in most of California. It is number 239 of 653 cities from cheapest to most expensive.
How much do households earn in Parkway?
Share of households by yearly income. 19.6% of households earn $100,000 or more.
Rent by apartment size in Parkway
| Size | Parkway | U.S. average |
|---|---|---|
| Studio | $1,472 | $1,338 |
| 1 bedroom | $1,163 | $1,324 |
| 2 bedrooms | $1,658 | $1,509 |
| 3 bedrooms | $2,069 | $1,698 |
| 4 bedrooms | $1,970 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Parkway overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Parkway, so the California figure is shown.
Taxes and bills in Parkway
Life in Parkway
Is it cheaper to rent or buy in Parkway?
Renting is cheaper right now: about $571 a month less.
Owning assumes a typical $374,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,470 for the down payment.
Frequently asked questions
What is the average rent in Parkway, CA?
Renting in Parkway costs a median of about $2,029 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Parkway?
To keep rent under 30% of income, you need about $81,160 a year, or $39 an hour at a full-time job.
Is Parkway cheap or expensive?
Parkway is rated Expensive: rent takes 35.1% of the typical household income of $69,428. It ranks 239th cheapest of 653 California cities we track.
How much are property taxes in Parkway?
The median homeowner in Parkway pays $2,207 a year in property taxes, about 0.59% of the median home value.
Is Parkway more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Parkway?
The median home value in Parkway is $374,700, about 5.4 times the typical yearly household income.
15,397 people live in Parkway. Numbers are typical (middle) values.